Ventum Cap Mkts Brokers Lower Earnings Estimates for CVE:HAM

Key Points

• Ventum Cap Mkts has decreased its FY2025 earnings per share estimate for Highwood Asset Management from $0.99 to $0.93.
• ATB Capital has also lowered its price target for Highwood Asset Management shares from C$8.00 to C$7.25.
• Highwood Asset Management stock opened at C$5.45, with a market capitalization of C$80.88 million and a P/E ratio of 1.00.

Highwood Asset Management Ltd. (CVE:HAM - Free Report) - Analysts at Ventum Cap Mkts reduced their FY2025 EPS estimates for Highwood Asset Management in a research report issued to clients and investors on Tuesday, July 29th. Ventum Cap Mkts analyst A. Gill now anticipates that the company will post earnings per share of $0.93 for the year, down from their prior forecast of $0.99. The consensus estimate for Highwood Asset Management's current full-year earnings is $1.78 per share.

Separately, ATB Capital reduced their price target on shares of Highwood Asset Management from C$8.00 to C$7.25 in a research report on Friday, July 4th.

Highwood Asset Management Price Performance

CVE HAM traded down C$0.07 on Thursday, reaching C$5.48. 900 shares of the company's stock traded hands, compared to its average volume of 5,933. Highwood Asset Management has a 12 month low of C$5.02 and a 12 month high of C$6.50. The stock has a 50-day simple moving average of C$5.56 and a 200 day simple moving average of C$5.66. The stock has a market cap of C$81.32 million, a PE ratio of 1.01 and a beta of -0.90.

Highwood Asset Management Company Profile

Highwood Asset Management Ltd., together with its subsidiary, engages in the acquisition, exploration, development, and production of oil and gas reserves in the Western Canadian Sedimentary basin. The company operates through Metallic Minerals, Midstream Operations, and Upstream Operations segments.